There are many reasons that our clients may need a short-term finance solution: downsizing before selling a current home, fixing a broken property chain, refurbishing an investment property or acquiring a house quickly – perhaps via an auction. Many of our property developers buy properties quickly with bridging loans to beat the competition and then refinance them onto long-term loans once they own them.
Bridging loans are a vital facility for the right borrower but need to be understood because the fees, costs and interest are usually rolled up onto the loan balance and they must be exited on time – usually between 24 and 48 months. Pinnacle have the expertise to ascertain the most appropriate bridging lender for you and ensure that you understand the costs, implications and requirements around exiting the loan.
Depending on your circumstances you may have a wide selection of mortgage companies willing to offer you the mortgage you desire. With access to thousands of mortgage deals, our experts will find you the most suitable deal.
The minimum deposit required is 5%. By reaching 10%, or beyond, you will find that your options greatly improve, alongside the interest rate offered. There may also be minimum deposit requirements if you are purchasing a flat, which we can advise.
We have vast experience in this area, and offer tailored, strategic, poor credit mortgage advice, with the view to getting you the mortgage that you desire.
We deal frequently with those who may have had a mortgage already refused. Due to the scope of our access it is very likely that we can find an alternative option that turns your negative in to a positive. The key is understanding why your mortgage failed in the first place.
This depends on a thorough review of your income and committed expenditure. Lenders very significantly in what they offer, in terms of reviewing your overall profile. Sadly this is not a simply answer, which is why you want your mortgage in safe hands.
We offer a wide range of mortgages from buy to let solutions, re-mortgages through to first time buyer and high mortgage loans. Your options range from fixed rate deals, through to tracker, discounted, or variable mortgages.